Earlier quoted context omitted.
Not all the tax cuts announced were bad or badly received. Especially, I think that the cancellation of the rise in corporation tax was very welcome and in fact economists now say that the rise to 25% will make the recession deeper and longer (unsurprisingly, frankly). The issue was that the other cuts, especially abolishing 45p income tax rate but frankly also the decrease of the basic rate, were not discussed, not…
Ya'll only have 25% corporate tax rate in England? America is jealous.
Btw, the US's the federal rate is 21% (which is also about the European average) but I suppose states may add their own on top.